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Wednesday's "Earnings Beat" Makes This The Perfect "Bad-Market" Tech Stock

In last week’s Private Briefing report Our Experts Show You the Stocks to Pick in a ‘Stock-Picker’s Market’,” Money Map Press Chief Investment Strategist Keith Fitz-Gerald identified SanDisk Corp.(NasdaqGS: SNDK) as one of three stocks to buy in the face of the stock market sell-off.

And now we see why…

  • Stock Market

  • Stock Market Today: 5 Reasons Why the Dow Fell 225 Points It was the first back-to-back bruising since June 18th and 19th, when Fed “comments” drove the Dow 560 points into the ground. But you can’t blame the Fed for the latest pair of triple-digit routs. Not directly, anyway. Here’s what triggered all the action…

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  • Stock Market News Today Why We Predicted This 10% Gainer Would Soar

    Stock market news today focuses on winners and losers in the tech and consumer spaces, as well as how the S&P 500 will come off of its largest weekly decline since June.

    Last week was tough for stocks since this year has been filled with rallies. Stocks fell as investors tried to understand the timing of the Fed's tapering of its bond-buying program.

    Surprisingly, the market still seems very sensitive to any news on the Fed cutbacks.

    This week, the market may continue to react to any news from the Fed, although other economic indicators are likely to be in the foreground of investors' minds.

    Stock market news today starts with Japan, which we learned saw gross domestic product rise 2.6% at an annualized pace from April to June - well short of the 3.6% growth economists expected. The Nikkei was down more than 5% last week and is down another roughly 1% this morning.

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  • Stock Market Today in the Red Ahead of FOMC

    The stock market today is off to a sluggish start as investors brace for a week of important economic indicators.

    Pending homes sales kicked off a week of tell-tale economic data this morning, while earnings season continues with Wynn Resorts Ltd. (Nasdaq: WYNN) reporting disappointing Q2 results.

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  • Goldman Sachs' "Warehouse Shuffle" Just Cost You $5 Billion Construction forklift

    It's just another game for Goldman Sachs Group (NYSE: GS) - a "warehouse shuffle" that moves aluminum around while the big bank collects rent on the metal.

    Although the rent on the stored aluminum - Goldman isn't allowed to actually own the commodity - is just pennies a day, the vast amount of the metal it has stored in its 27 Detroit warehouses and the "warehouse shuffle" strategy that enables it to extend the rental period for months on end adds up.

    Through the Metro International Trade Services subsidiary it bought in 2010, Goldman has accumulated 1.4 million tons of aluminum, which it stores at about 48 cents per ton per day. That's about $672,000 per day of revenue - nearly half a billion a year.

    Experts say the warehouse shuffle game ultimately raises the price of aluminum to manufacturers - everything from beer and soda companies to automakers. That extra cost, about $5 billion over the past three years, is passed on to consumers - you and me.

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  • Stock Market Today: What History Shows Us About Second Half Performance The stock market today got the third quarter, and second half of the year, off to a strong start with all three benchmarks logging gains right out of the gate. Shortly after the open, the Dow Jones Industrial Average jumped 104.61, or 0.70%, to 15,014.21. The Standard & Poor's 500 Index climbed 13.57, or 0.84%, […] Read More...
  • Why This Stock Market Sell-Off Will Continue shah-sell-off A global stock market sell-off sent the Dow Jones Industrial Average down more than 200 points Monday in morning trading.

    Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Varney & Co." to answer the big question: Will the stock market sell-off keep going?

    Watch Gilani's full interview to find out how two huge factors will keep pushing down markets that have been falling since Ben Bernanke triggered triple-digit losses last week.

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  • Stock Market Today Reverses Painful Two-Day Plunge

    A sense of calm appeared to settle over the stock market today - one day after the Dow's worst of the year. The Dow was up nearly 90 points near the close Friday.

    Gold prices, pushed below $1,300 an ounce Thursday, its lowest level in some two-and-a-half years, also bounced back Friday.

    Equity and commodity markets sold-off Wednesday and Thursday on worries the U.S. Federal Reserve could begin winding down its market supportive stimulus program later this year.

    St. Louis Fed President James Bullard, who dissented against the FOMC meeting decision Wednesday, said in a statement Friday the central bank "should have more strongly signaled its willingness to defend its inflation target" and shouldn't have given Fed Chairman Ben Bernanke the authorization to provide an approximate timetable to end easing.

    Bernanke's comments are indeed blamed for the stock market's steep two-day drop.

    The Dow plunged 354 points, 2.3%, Thursday to close at a seven-week low. Over Wednesday and Thursday, the Dow shed 560 points, the blue chip index's biggest drop since November 2011. The CBOE Market Volatility Index (VIX) soared 23% Thursday, above 20 and a fresh 2013 high.

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  • Finding a Sea of Calm in the Rising Market Mania The markets have begun to swoon and one of the canaries was two Thai tycoons.

    This pair of Thai tycoons, neither of them well-known internationally, has made a total of $27 billion in acquisitions in the past year, more than all Thai companies spent abroad in the preceding three years.

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  • Shah Gilani: "You've Got To Be In It To Win It" shah-gilani-youve-got-to-be-in-it-to-win-it

    Appearing on Fox Business, Capital Wave Strategist Shah Gilani engaged in the age old debate: Bullish or bearish?

    Shah made the bullish case, saying the stock market's rising and investors may want to jump in.

    "I think you got to be in it to win it," Gilani said. "You got to stay in the market as long as the trend is up."

    On the other side was Dan Shaffer of Shaffer Asset Management. He had a decidedly bearish view, warning of a "deflationary depression"

    Check out the lively debate between Gilani and Shaffer in the accompanying video.

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  • Why I'm Calling a Market Top Go ahead and party like it's 1999 but don't stay out too late. As Shah Gilani explains, the music is about to stop... Read more... Read More...
  • Stock Market Today: June off to a Guarded Start

    The first trading day of June got off to a muted start at the opening of the stock market today.

    Shortly before noon, the Dow Jones Industrial Average added 34.66, or 0.23%, to 15,150.23. The Standard & Poor's 500 Index slipped 6.42, or 0.39%, to 1,624,32. The Nasdaq gave back 33.87, or 0.98%, to hit 3,422.04.

    Market participants were hoping for a rebound in today's stock market following Friday's steep sell-off.

    Jitters over tumbling Japanese stocks and worries about the Fed winding down its market-supportive bond-buying program sent stocks spiraling Friday, the last trading day of May.

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  • Buy, Sell or Hold: Up 3,400%, Is It Time to Tune in to Sirius XM? Since 2009, Sirius XM Radio (NASDAQ: SIRI) has seen its share price jump by 3,400%. But is now the time for investors to pile in? Read more... Read More...
  • How to Find Stock Market Crash Protection for Your Portfolio The market keeps gaining despite conflicting economic signals. That just means you must be prepared with stock market crash protection; here’s how. To continue reading, please click here... Read More...
  • Why the Bulls Are Back in the Stock Market Today

    The stock market today is off to a strong start with the Dow Jones Industrial Average up more than 150 points around noon.

    Right out of the gate, the Dow advanced 107.78, or 0.70%, to 15,410.88, the Standard & Poor's spiked 14.82, or 0.90%, to 1,664.42, and the Nasdaq jumped 40.47, or 1.17%, to 3,499.61.

    Boosting the stock market today were accommodative comments from international central banks that the printing presses won't be turned off anytime soon.

    The Bank of Japan and the European Central Bank both reaffirmed that their easy money policies will remain intact as long as necessary. The news sent European and Asian markets all up more than 1%, with the momentum spilling over to the United States.

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  • Stock Market Today Reacts to Merger Monday on Wall Street

    It was a muted start for U.S. equities when the stock market today (Monday) opened. But by mid-day, the bulls were back and benchmarks marched higher.

    Just before noon, the Dow Jones Industrial Average rose 13.41, or 0.09%, to 15,354.40. The Standard & Poor's 500 Index added 2.54, or 0.15%, to 1,670.01. The Nasdaq was higher by 6.42, or 0.18%, to 3,505.39

    Year-to-date, the Dow is up 17.17%, the S&P up 16.92% and the Nasdaq 15.88%. Moreover, the number of stocks in the S&P hitting 52-week highs rose to 37.2%, according to Bespoke Investment Group, proof the rally is indeed broad based.

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